The Japan Story: A Lesson For Central Bankers Everywhere
It is a simple story of failure, but one that fits the facts. It´s also based on a simple premise: An inflation obsession that took hold in 1974.
Articles by Marcus Nunes
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Marcus Nunes
Marcus Nunes
Anarchy!
German Finance Minister Wolfgang Schaeuble sought to turn the tables on critics of his fiscal-discipline push, saying he’s actually the better Keynesian.
Australia Tries to Find ‘Balance’
Being one of the very few countries (two others are Poland and Israel) whose monetary policy managed to avoid a recession on the heels of the 2008-09 crisis, Australia is a natural object of Schadenfreude!
The ECB eases further: yet another example of “infinitely short and not variable”
By James Alexander via Historinhas | Another day another proof of the immediate impact of active monetary policy in altering NGDP growth expectations and therefore setting the flight path to a different future.
SNB on the defensive at Jackson Hole
By James Alexander via Historinhas | Although it appeared that the VSPs gathered in Jackson Hole could only worry about non-existent inflation, I detected a defensiveness too.
Et tu Singapore? Another central bank suffocates the economy?
July 22, 2015 | By Benjamin Cole via Marcus Nunes‘ Historinhas | Singapore is every economist’s favorite nation, for its often free-market or price-sensitive approach to government. And the city-state has boomed for generations, verifying economists are right. But now, reports The Economist in its July 18 issue, Singapore’s productivity is dying on the vine, much like that of the United States, or Europe.
Can a modern economy generate Jeb Bush’s real 4% GDP growth? Yes, but not with tight money
NEW YORK | July 17, 2015 | By Benjamin Cole via Marcus Nunes’ Historinhas | GOP presidential hopeful Jeb Bush has generated some blog-blabbing on his pronouncement that the U.S. GDP could and should grow at 4% real annually.
What central bankers have forgotten
July 10, 2015 | By Benjamin Cole via Marcus Nunes’ Historinhas | As a lot, central bankers are not entrepreneurs or real estate developers, and are very risk-averse, and are minutely concerned with the strict control of prices (as measured) as opposed to robust prosperity.
BIS proposes sadomonetarism to promote recovery
July 1, 2015 | By Benjamin Cole via Marcus Nunes‘ Historinhas | The central banker’s club known as the Bank of International Settlements (BIS), suitably HQ’ed in Basel, Switzerland, this past weekend released its annual report, and advocated the globe’s major central banks raise interest rates to combat the chronic lack of aggregate demand and low inflation-deflation dogging the world’s developed economies.
Jeb Bush the populist
SAO PAULO | June 20, 2015 | By Marcus Nunes via Historinhas | US 2016 Republican Presidential Candidate Jeb Bush has set his presidential goal at 4 percent growth and 19 million new jobs. To do that, he would first have to “recruit” the Fed. Unfortunately, if the Fed acquiesced bad things would happen.